$ETH
Recently, with the proper resolution of the Bybit incident, some new dynamics have emerged in the market.
During the incident handling process, some investors purchased a certain amount of Ethereum (ETH),
which made ETH rebound relatively strongly compared to Bitcoin.
However, there is still a hidden danger in the current market that cannot be ignored.
The 450,000 ETH in the hands of hackers,
is like a sword of Damocles hanging above the market,
the selling pressure it brings is a potential major negative factor,
like a time bomb that may explode at any time.
From the perspective of market operations,
it is expected that the main funds will take advantage of the next time the hackers sell ETH to hype the market.
In this case, investors must pay close attention to the risks involved.
Analyzing the price trend of ETH from a technical perspective,
the current upper pressure level of ETH is roughly around 3000,
which means that when the price rises to this range, it may face greater resistance.
The lower support level is around 2600. When the price falls to this level, it will get some support. In short, although the ETH market rebounded after the Bybit incident was resolved, the risk factor of the pressure of hackers to sell their coins cannot be underestimated. Investors need to pay close attention to market dynamics and make investment decisions carefully.
